Business News

Fund III surpassed its $250 Mn target and more than doubled its predecessor as the manager sticks to mid-market businesses in Thailand and the Greater Mekong region.

The Singapore fintech believes that fragmented local payee checks could serve as a cross-border infrastructure layer, as instant payments and new digital rails increase the cost of sending money.

The proposed UMYR stablecoin would settle tokenised money market funds in real time, as Malaysia experiments with tokenised assets, deposits and wholesale digital money.

Cornerstone investors have committed P36.5 Bn to Mynt’s planned listing, but four-fifths of the base offer is secondary stock, turning the Philippines’ potential record IPO into a fundraising for the company and a liquidity event for existing shareholders.

The automotive platform could raise $400-500 Mn across two markets, testing whether Singapore can give its homegrown technology companies access to both US and domestic capital pools without losing them entirely to overseas exchanges.

DSRV, a South Korean blockchain infrastructure firm and government-recognised digital asset custodian, has joined XDC Network as an institutional validator, adding to a growing list of regulated operators anchoring the blockchain's presence across Asia.

As memory costs push new phone prices higher, a Kuala Lumpur retailer is betting that warranties and mall stores can turn used phones into a mainstream buy in the Philippines.

The US diagnostics heavyweight has bought into a seven-market lab network, a move meant to bring more advanced genomic testing within the reach of doctors in Singapore and Malaysia.

The Japanese financial group has joined the payments company’s $25 Mn funding round as it builds exposure across stablecoin issuance, regulated digital assets and payment infrastructure, linking Japan with Southeast Asia.

The Xora-incubated start-up is trying to solve a manufacturing bottleneck that could determine whether atomically thin materials move beyond research and into advanced chipmaking.

Investment firm In Group Holdings is backing a bid to turn data from workplace wearables and robotic sensors into reusable AI models, as Singapore expands its robotics capabilities.

IFC’s guarantee could let GXBank grow its MSME lending well beyond today’s small book. But the digital bank’s own credit costs are climbing, and it remains loss-making.

The Philippine fintech could make the country’s biggest stock market debut, but about 80% of the firm’s offer will come from existing shareholders selling down.

The Asia-focussed PE is backing one of Indonesia’s largest digital wallets as DANA looks to connect more consumers and small businesses with credit, savings, insurance and cross-border services.

The US PE giant has returned with a 6.3% higher offer for Ingenia Communities, but the Australian property group still wants to acquire Peet.

The real test is whether the founders’ banking and government relationships across ASEAN can convert into cross-border growth for portfolio companies.

Alphabet’s autonomous-driving unit is targeting a 2028 commercial launch through its own app, days after Grab said it would expand its WeRide-powered fleet fivefold and push beyond Punggol in the north-east region.

The non-recourse credit facility extends financing for the A.P. Moller Capital-backed developer after a $30 Mn green-bond transaction in Vietnam.

ALDI SÜD has acquired an undisclosed minority stake in DALI Everyday Grocery. But seven share-allotment filings, a Venturi top-up and investments made through different entities leave the Philippines-based hard-discount retailer’s current ownership unresolved in freely accessible records.

The undisclosed investment amount from a new ¥3 Bn CVC fund underscores the Japanese group’s push into digital services while anchoring a powerful enterprise partner in the mental health space.

Six sovereign and pension investors have created a new institutional network spanning China and Southeast Asia, alongside a separately governed private equity platform that has already drawn about $520 Mn towards a $1 Bn target.

Grab already offers its BNPL service PayLater across Atome’s five Southeast Asian markets. The acquisition gives it a faster route to credit scale, underwriting history and funding relationships without rebuilding them market by market.

The logistics firm is folding acquired businesses onto a common operating platform as it builds a cross-border network for Southeast Asian merchants.

The private equity firm sold its entire 19.9% holding to Angsana Finance weeks after First Philippine Holdings rejected a proposal that could have nearly doubled KKR’s stake and led to First Gen’s delisting.

The five-week-old Indonesian AI infrastructure platform will use the debt to acquire and deploy Nvidia GPUs, initially in Indonesia before expanding across ASEAN.

The Tundra Capital-led Series A will support regulatory programmes, market entry and hiring across five overseas markets.

The USDC issuer is acquiring a design partner in its own payments network, bringing local payout infrastructure in-house as it pushes deeper into cross-border commerce.

Telkom is testing investor appetite for NeutraDC as AI demand, scarce power and high occupancy drive up data centre valuations across Asia. A majority divestment could unlock value and ease the next capex cycle, but it may also mean surrendering control before the asset’s strongest growth phase.

Malaysian private hospitals are growing rapidly as global investment firms pour cash into the sector. However, rising medical costs and widening underwriting losses at insurance companies could make it difficult for these expanding networks to turn a profit.

Stonepeak and I Squared Capital are racing to build competing cold-chain platforms across ASEAN, deploying rival strategies in Indonesia and the Philippines as institutional capital rewrites the rules of a sector long dominated by local operators.